By Christopher Palmeri and Thomas Buckley
Actor Jon Voight presented his plan to boost US jobs in the entertainment industry to President Donald Trump over the weekend, laying out a proposal that included federal incentives for US theater owners to upgrade their facilities.
Voight was appointed a special ambassador to Hollywood by Trump in January. He detailed the plan, along with his manager Steven Paul and Scott Karol, the president of Paul’s company, to Trump at his Mar-a-Lago Club.
The proposals also include changes to the tax code to encourage investment in US films and job training initiatives, according to Karol.
The incentives for cinemas, if approved, could help buoy theater chains, such as AMC Entertainment Holdings Inc., Cinemark Holdings Inc. and Marcus Corp. that have struggled since the pandemic with films being released online sooner than in the past.
Filmmakers who co-produce pictures with foreign companies would be allowed to obtain credits for their US spending. For “bad actors,” who take all of their production overseas, there would be a tariff that equated with the incentives they were getting from foreign countries, Karol said in an interview.
“The president loves the entertainment business and this country, and he will help us make Hollywood great again,” Voight said in a statement.
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